One day, a friend came to me and said his account only had 3000U left, asking if there was any way to turn it around.
This wasn't the first time he lost money; before, he had invested a lot and then lost it all. But this time he was clearly different; his tone was calmer, and he said he wasn't here to take risks, just wanted to find a way to persist.
I asked him, "Do you really want to turn it around, or do you want to take another gamble?"
He said he wasn't going to gamble this time and really wanted to take it steady.
So I gave him a piece of advice: Treat yourself as a novice entering the market, starting from zero, and don't carry the past losses with you.
We set three rules:
1. Only make one trade a day, focusing on small fluctuations.
Look at the 15-minute K-line and find clearly structured positions. Only trade signals you understand, and avoid unclear market conditions.
Aim to make about 3% a day, with a stop loss controlled within 2%. Write a plan before trading, and leave immediately after completing it, without lingering.
2. Control position size within 25%.
At first, he didn't quite believe it, thinking it was too conservative and wouldn't earn quickly. I had him look back at his previous liquidation records: they were basically all during heavy positions.
He was persuaded and began to slowly get used to trading with small positions. As a result, the pressure decreased and his mindset stabilized.
3. Review every night, focusing on oneself rather than the market.
Every night, write 300 words reviewing the day, not recounting market fluctuations, but analyzing oneself: which trades were impulsive, which actions didn't follow the rules.
After sticking to this habit for a week, he suddenly told me, "I used to lose not because I misread the market, but because I was too eager to recover my losses quickly."
A month later, he grew his account from 3000 to 7200, with no large gains and no large losses. But every trade was clear, and every step followed the rules.
Not everyone can recover their losses, but almost everyone who has recovered has gone through a phase of 'giving up fantasies and rebuilding their rhythm.'
The root cause of losing money is not the market, but that urge to win quickly.
In this round of market conditions, whether you can recover your losses depends entirely on yourself. Start planning with me early, so you can come out of the low point sooner.
